Scotland's largest lockdown industrial property deal sealed
Developer and asset manager Canmoor said logistics heavyweight Malcolm Group had agreed terms for 67,000 square feet of warehouse space at Westway Park in Renfrew.
Malcolm Group, which was founded as a family-owned business in the 1920s, will use the facility for short-term storage requirements.
Canmoor said the agreement represented the largest industrial deal to be concluded in Scotland during the coronavirus lockdown. Other key occupiers at Westway Park include Doosan Babcock, AMG Group, JW Filshill, Malin Fabrication, the NHS and Strathclyde University.
Westway joint agents are Colliers International and JLL. Malcolm Group was represented by Pollock Property Advisors.
Iain Davidson of Colliers International said: “The space requirement was time-sensitive and we were able to conclude the deal within six days of viewing.”
Norman Pollock of Pollock Property Advisors said: “Malcolm had an immediate need for storage space in a secure and well-connected location. Westway was quickly able to provide the perfect space solution, less than three miles from Malcolm’s headquarters at Linwood.”
Westway is located in the heart of the Glasgow Airport investment area, which is one of the key City Deal projects that will benefit from major inward investment over the next ten years. This will deliver significant infrastructure investment to the area including a new two-lane bridge.
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